American Electric Power will be an energy leader through programs and technologies that protect people, manage our impacts on the environment, promote energy efficiency, provide for customer control over electricity usage and provide for greater access to renewable forms of energy and advanced clean energy technologies. We will work with our regulators and other stakeholders to achieve this through an approach that maximizes the positive economic, social and environmental impacts of our operations.
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American Electric Power approved to develop 1,485 MW of Oklahoma wind projects
Investor-owned utility American Electric Power (AEP) is moving forward on 1,485 MW of planned wind projects in Oklahoma. AEP will invest approximately $2 billion in this new renewable energy to serve its Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) customers. North Central includes three wind generation facilities located in north-central… [Read More]
AEP to acquire 724-MW of Sempra’s wind & battery assets
American Electric Power (AEP) announced that its competitive renewable energy subsidiary has signed an agreement to acquire Sempra Renewables and its 724 MW of operating wind generation and battery assets for close to $1.056 billion (including $551 million in cash, assumption of $343 million in existing project debt and $162 million in tax equity obligation). The final acquisition cost will be subject to… [Read More]